CIPAM Multi-Sector Private Lending Fund– Class P
Alternative fixed income fund manager CIP Asset Management has launched a wholesale share class of its CIPAM Multi-Sector Private Lending Fund, extending access to the strategy to wholesale and sophisticated individual investors.
CIPAM managed money for institutional clients under the Challenger Investment Partners moniker before rebranding in 2020. The CIPAM Multi-Sector Private Lending Fund – Class P is a floating rate, multi-sector credit strategy that looks for private lending opportunities primarily in Australia and New Zealand. It invests in corporate loans, commercial real estate debt and asset backed securities and aims to have a low correlation to interest rates and broader equity markets.
“If the current environment persists, we see significant opportunities in domestic private markets, which currently boast very attractive illiquidity premiums. We believe they will continue to outperform the increasingly expensive public markets," CIPAM head of investment strategy, Pete Robinson, said.